First Capital REIT Announces Completion of C$300 Million Offering of Series C Senior Unsecured Debentures

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[{"type":"text","content":"\n \n \n \n First Capital REIT Announces Completion of C$300 Million Offering of Series C Senior Unsecured Debentures\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION IN\n \n THE UNITED STATES\n \n OR OVER\n \n UNITED STATES\n \n WIRE SERVICES/\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n June 12, 2024\n \n \n /CNW/ - First Capital Real Estate Investment Trust (\"First Capital\" or the \"REIT\") (TSX: FCR.UN) announced today that it has closed its previously announced offering (the \"Offering\") of\n \n C$300 million\n \n aggregate principal amount of Series C senior unsecured debentures (the  \"Debentures\") on a private placement basis.\n \n \n \n \n \n \n \n \n \n The Debentures were offered on an agency basis by a syndicate of agents co‐led by RBC Capital Markets, Desjardins Capital Markets and TD Securities. The Debentures were issued at par, bear interest at a rate of 5.455% per annum and will mature on\n \n June 12, 2032\n \n .\n \n \n The Debentures are rated \"BBB (positive)\" by Morningstar DBRS.\n \n \n The net proceeds of the Offering will be used to repay existing debt.\n \n \n The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in\n \n the United States\n \n absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.\n \n \n \n About First Capital REIT (TSX: FCR.UN)\n \n \n \n First Capital owns, operates and develops grocery-anchored, open-air centres in neighbourhoods with the strongest demographics in\n \n Canada\n \n .\n \n \n \n Forward‐looking Statement Advisory\n \n \n \n This press release contains forward‐looking statements and information within the meaning of applicable securities la...

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